Hi Rick,
This is a great idea and I can use the pointed "spud" tool for my milling work I do with my small Unimat SL 1000. I must first remove the milling cutter or spotting drill to find a new location with a pointed rod and there is never a lot of room to do the tool exchanges. Your spud tool idea is exactly what I needed for work with the Unimat.
Thank you, Paul